AIPO vs. IWMY

Last updated Jun 25, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. AIPO charges 0.69%/yr vs 0.99%/yr for IWMY.

Performance

AIPO vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPO achieves a 48.78% return, which is significantly higher than IWMY's 15.11% return.

AIPO

• 1D: -0.51%
• 1M: 1.70%
• YTD: 48.78%
• 6M: 44.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: 0.15%
• 1M: 3.51%
• YTD: 15.11%
• 6M: 12.53%
• 1Y: 21.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPO vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	48.78%	9.46%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	15.11%	3.34%

Correlation

The correlation between AIPO and IWMY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.73

Return for Risk

AIPO vs. IWMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IWMY

IWMY Risk / Return Rank: 40
IWMY Sharpe Ratio Rank: 41
IWMY Sortino Ratio Rank: 38
IWMY Omega Ratio Rank: 38
IWMY Calmar Ratio Rank: 41
IWMY Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIPO vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIPO	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.82	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.87	—
Martin ratio: Return relative to average drawdown	—	6.09	—

Drawdowns

AIPO vs. IWMY - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum IWMY drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for AIPO and IWMY.

Drawdown Indicators

	AIPO	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-18.72%	+1.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.57%	—
Current Drawdown Current decline from peak	-5.35%	-0.65%	-4.70%
Average Drawdown Average peak-to-trough decline	-4.45%	-2.94%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.54%	—

Volatility

Volatility by Period

	AIPO	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.52%	16.36%	+19.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.52%	15.93%	+19.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.52%	15.93%	+19.59%

AIPO vs. IWMY - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than IWMY's 0.99% expense ratio.

Dividends

AIPO vs. IWMY - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than IWMY's 43.68% yield.

Position	TTM	2025	2024	2023
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	43.68%	63.33%	107.92%	11.34%

Frequently Asked Questions

Can I hold both AIPO and IWMY in my portfolio?

AIPO and IWMY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIPO or IWMY?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or IWMY?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.99% for IWMY.

Which ETF pays a higher dividend yield, AIPO or IWMY?

IWMY has the higher dividend yield at 43.68%, compared with 0.01% for AIPO.

What is the main difference between AIPO and IWMY?

AIPO is categorized as Building & Construction, while IWMY is Options Trading. AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while IWMY tracks Russell 2000 Index. Their fees differ too: 0.69% for AIPO and 0.99% for IWMY.